Former Turkish prime minister Ahmet Davutoglu, once a close ally to President Tayyip Erdogan, applied on Thursday to establish a breakaway political party which could erode support for Erdogan and his ruling AK Party.Davutoglu, 60, served as prime minister from 2014 to 2016, before falling out with Erdogan. Earlier this year, he slammed the president and the AK Party's (AKP) economic management, and accused them of curbing basic liberties and free speech.A source close to Davutoglu said the former premier applied to the Interior Ministry on Thursday to form his new party and that he will formally announce it at a news conference in Ankara on Friday. It will be called Future Party, the source said."He will announce his party's principles and give information about the founding members," the source said. "The new party will breathe new life into politics".